GE to restate two years of earnings by April 13

General Electric said on Wednesday of which of which planned to provide restated results for 2016 along with also 2017 to reflect a brand-new accounting standard by April 13.

The updated accounting standard takes into account revenue by long-term contracts, which are being scrutinized by the U.S. Securities along with also Exchange Commission.

GE had said in February of which of which anticipated to take a $4.2 billion accounting charge as of which switches to the brand-new standard.

The company also said of which would certainly report its first-quarter earnings on April 20 under the brand-new standard along with also of which of which would certainly have no impact on its 2018 forecast.